On the Portfolio Grader database this week, the reit, metals and mining, water utilities, independent power and renewable electricity producers and energy services sectors are among the worst.
The reit sector is trailing behind others this week, with 77% of its stocks (124 out of 161) rated a “sell”. Hatteras Financial (HTS), DDR Corp. (DDR) and Health Care REIT, Inc. (HCN) are pushing the sector down with F grades. Hatteras Financial is performing worst overall in the sector, with a 26.8% decline over the last 12 months.
The metals and mining sector looks weak, with 67% of its stocks (61 out of 91) rated a “sell”. With an overall grade of F, Newmont Mining Corporation (NEM), Gold Fields Limited Sponsored ADR (GFI) and Schnitzer Steel Industries, Inc. Class A (SCHN) are weighing down the sector. The worst performer in this sector is Gold Fields Limited Sponsored ADR, which saw its price sink 70.3% in the last 12 months.
With 67% of its stocks (4 out of 6) rated “sell,” the water utilities sector is struggling this week. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS), SJW Corp. (SJW) and Aqua America, Inc. (WTR) are all currently earning D’s. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the worst performer in this sector, with an 81.6% decline in the last 12 months.
The independent power and renewable electricity producers sector is lagging this week with 67% of its stocks (6 out of 9) rated a “sell”. TransAlta Corporation (TAC), Empresa Nacional de Electricidad S.A. Sponsored ADR (EOC) and Calpine Corporation (CPN) are dragging down the sector overall, each earning a low grade of F. Overall, TransAlta Corporation is the poorest performer in this sector. Its share price has dropped 42.7% in the last 12 months.
The energy services sector is dragging, with 61% of its stocks (39 out of 64) rated a “sell”. Among energy services stocks, McDermott International, Inc. (MDR), ION Geophysical Corporation (IO) and Tidewater (TDW) are lingering near the bottom with grades of F. ION Geophysical Corporation is performing worst overall in the sector, with a 40.1% decline over the last 12 months.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.